I’m seeing this topic brought up more and more. College is too expensive and even the middle class can’t afford it anymore. And those who come out of school with a mountain of debt will never be able to own a house, much less have enough discretionary income from the low paying jobs they’ll earn with their degree.
So the easy answer is to make college cheaper – or even provide college for free. It works in countries like Sweden, so could it work here?
Well the 1st thing that would have to happen would be a gigantic increase in taxes. Someone still has to pay the professors, administrators, janitors, etc… who make the school run.
But suppose in the short-term, we had a hybrid model that solves a specific problem for one sector of U.S. Business.
Let’s provide education that is free – but on loan – to people who choose to enter a track specific for math, science, engineering or computer programming. Here’s how it would work.
- Test into a program for aptitude or potential ability in the subjects, not existing grades or knowledge. Any age.
- Choose a specialized track includes some General Education but really focuses on the technical subject matter.
- Like the military, mandate required service time to pay off the loan. One suggestion: within 8 years of graduation, require 2 years of part-time teaching at a community college, high school or workshop level. This will help with the burden that we have a lack of professionals who can teach these subject matters. It also gives graduates a full 6 years to get their career situated and mature as adults who can mentor others.
- If the graduate has made enough money to pay off the loan, they can spend money rather than time in service. That money would be able to hire others who wanted to teach.
- The tech companies would be asked to underwrite some portion of the project. You’d want to make the numbers work so that overall, the cost of recruiting technical talent would decrease even after their financial commitment. They’d be investing smart money to grow the labor pool rather than paying premium salaries and recruiting commissions in a battle for scarce resources.
I don’t know how the numbers would net out, but I’m not in government. Maybe someone will read this and see if the math works.
Any other thoughts? Email me.
I’ma marketing guy, so I’m ok with targeted spam. I get it. It’s hard for sale people to get good leads, so blasting the heck out of potential customers, with a relevant message, in hopes of stumbling across someone looking for your services, well that doesn’t offend me all that much.
And I’m even ok with auto-email programs that insert my company’s name into a generic email to make it look like they were specifically looking for me.
But the key word up there is, “relevant.”
Best described as, “opposite of relevant,” this email doesn’t make any sense at all.
“Subscription companies like University of Washington have a common issue, churn due to failed credit card transactions. Most of the time these failures happen at no fault of your customer.”
Well I had no idea. Thank goodness someone finally figured out the issue plaguing universities across the country – the students are churning out due to bad credit cards. I thought it was a decrease in state spending, an excessive amount of tenured professors or a drop in donations. Turns out it’s the credit cards. Who knew?!
It’s too bad I don’t know the person at the UW who is in charge of keeping all the parents’ credit cards on file. Seems like we could solve some real problems.
For example, here’s some spam that actually could be relevant.
There’s a little company based in New Jersey called PortfolioGen. Started by a teacher and a Vice-Principal, its mission is simple – To make it easier for teachers looking for jobs to find employment with schools who need their skills and expertise.
Traditionally, teachers have had to lug around an offline portfolio when they go interview. Teachers don’t always have the web expertise of a marketer, so they don’t all know how to build a blog or social presence. Plus, they may not want to be easily found by students and parents. PortfolioGen is a safe and secure place for teachers to create an online presence, upload their portfolio and lesson plans, and one day, communicate with schools who are hiring.
The site is still in in infancy, but does have more than 14,000 teachers on board. If you’re a teacher or administrator, we’d love to get your feedback and insight. You can help the founders shape the site into something that is tailor made for teachers. Just email me for info. Thanks.